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Audit firms in for a medical checkup

There have been failures in delivery. True, the extent of failure depends on which side of the fence you are sitting. What was once a profession has turned into a business. And it does not command the respect it once did. There are many reasons for this. Chief among these is the

Watchdog or Bloodhound?

Independence is about being seen to be independent. Mega frauds have made the independence of the audit profession, globally, suspect. Loot and Scoot actions of several billionaire business barons have raised questions about the integrity of the job of auditing. Many times CAs have become the quarry of disparagers as if